By Dan Darrow
August 25, 2022
Intraday Update: MPC
MPC is green again (something of a habit here) and this morning's rally has sent the Sep16 $105/$110/$115 call fly solidly into the money. The plan will be to book the remainder of the trade into strength and wait for the stock to pause or consolidate. It is beginning to get stretched from its moving averages, so the chance of a pullback is increasing.
* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".
Trader Author Portfolio Holdings
**As of the date and time of publication